Insider Selling: indie Semiconductor, Inc. (NASDAQ:INDI) COO Sells $75,337.50 in Stock

indie Semiconductor, Inc. (NASDAQ:INDI) COO Michael Wittmann sold 18,375 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $4.10, for a total transaction of $75,337.50. Following the transaction, the chief operating officer now owns 28,860 shares of the company’s stock, valued at approximately $118,326. This trade represents a 38.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

indie Semiconductor Stock Performance

Shares of indie Semiconductor stock opened at $4.34 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.87 and a current ratio of 2.39. The business’s 50 day moving average price is $4.24 and its 200 day moving average price is $4.69. The company has a market cap of $876.32 million, a price-to-earnings ratio of -6.48 and a beta of 1.37. indie Semiconductor, Inc. has a one year low of $3.16 and a one year high of $8.55.

Analyst Upgrades and Downgrades

A number of brokerages have commented on INDI. Benchmark reduced their target price on indie Semiconductor from $12.00 to $9.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Roth Mkm reduced their price objective on indie Semiconductor from $7.00 to $5.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, indie Semiconductor has a consensus rating of “Buy” and an average target price of $8.92.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of INDI. Virtu Financial LLC purchased a new stake in shares of indie Semiconductor in the third quarter valued at about $58,000. Xponance Inc. purchased a new stake in shares of indie Semiconductor in the 2nd quarter valued at approximately $63,000. Creative Planning acquired a new stake in shares of indie Semiconductor during the 3rd quarter worth approximately $75,000. Algert Global LLC purchased a new stake in shares of indie Semiconductor during the 2nd quarter valued at approximately $97,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in indie Semiconductor in the second quarter valued at approximately $105,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

About indie Semiconductor

indie Semiconductor, Inc provides automotive semiconductors and software solutions for advanced driver assistance systems, autonomous vehicle, in-cabin, connected car, and electrification applications in the United States, South America, rest of North America, Greater China, South Korea, rest of the Asia Pacific, and Europe.